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the cliff, it doesn't just affect defense spending. corporate ceos across the board are simply not spending money. they're not expanding. you're seeing capital expersondy turs. we could fall into a recession if, in fact, we fall off a cliff. most people don't think we will. we're really seeing no true signs of congress beyond a headline here, a headline there. >> as we've seen in this market time and began, what goes down always goes back up when it comes to wall street. even if we do see big drops leading up to a deal. >> absolutely. just today we spoke with a chief strategist this morning on bloomberg who said the stocks look cheap here. you should get ahead of the fiscal cliff, which we're not going to fall off and buy. this is a buying opportunity. but it's a buying opportunity if you're a long-term investor, not a trader. so if you're a day trader, a hedge fund investor, these are very difficult waters to navigate. but if you're a long-term investor -- remember, warren buffett is very bullish on u.s. stocks because he believes in company. this could be a buying opportunity because thin
. >> reporter: yeah. secretaries of defense and secretaries of state and secretaries of transportation. more staying than not, steve. you are right. but this could be one of the last meetings that comes amid a flurry of activity here at the white house. the president mounting this public relations campaign. you know, he said washington has to be changed from the outside. you can't do it from the inside and trying to put those words to effect. they have really got the pr campaign going. they started a twitter campaign. they call it my 2 k and you know today it was small businesses from around the country. actually, that's a little bit later. with fix the debt. the coalition of large and small businesses later today. this morning, he met with a lot of middle class folks that written in to the white house at the solicitation of the white house and folks saying they would be adversely affected by the $2,000 and added taxes that would come next year alone for the average family of four if the nation is to go over the fiscal cliff. you know, there was one republican, you talked about the glimmers
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